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Housing affordability, congestion and rising living costs are putting pressure on Australia's major cities. Could stronger regional development provide part of the solution? Gene Tunny shares highlights from a recent discussion with Nationals leader Senator Matt Canavan on his "Hyper Australia" agenda. They explore regional infrastructure, public investment, economic concentration, GST distribution and the case for decentralisation, while asking an important economic question: do regional development projects pass the cost-benefit test?
Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com.
What You’ll Learn from This Episode- Why Australia's economy is unusually concentrated in a small number of capital cities.
- The potential benefits and drawbacks of decentralising population and economic activity.
- How infrastructure projects such as irrigation dams are justified by proponents of regional development.
- Why regional Australians may face different cost-of-living pressures than residents of major cities.
- How reforms to federalism, public service locations and state boundaries could influence economic development.
- 00:00 Introduction to Hyper Australia
- 03:00 Why Australia's economy is concentrated in capital cities
- 07:00 Regional cost-of-living pressures and data gaps
- 10:15 GST distribution and public transport subsidies
- 13:15 The economics of dams and regional infrastructure
- 18:25 Relocating public servants to regional Australia
- 22:00 New states and competitive federalism
- 27:50 Gene's assessment of the Hyper Australia proposal
Australian Taxpayers’ Alliance livestream, Thursday 18 June, “Future of the Nationals, with Matt Canavan || #46”:
https://www.youtube.com/live/D0Xpho1mxsk?si=1IWFiDOKZpTIdjNy
Senator Canavan’s website:
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